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An individual or group of individuals can own shares in corporations and other legal entities, but do not necessarily own the entities themselves. A legal entity is a legal construct through which the law allows a group of natural persons to act as if it were an individual for certain purposes. Concerning owner ship of means of production and delineating which groups receive the direct profits, capitalism's private ownership is distinguished from socialism's social ownership. The owning entity makes rules governing use of property; each property may comprise areas that are made available to any and every member of the group to use. When the group is the entire nation, the same principle is in effect whether the property is small (e.g. picnic rest stops along highways) or large . Find out all the essential information about the home building and renovation process. Information on plumbing regulations, becoming registered or licensed, fees, enforcement and more. Explore our s